Marshall Wace LLP Buys New Shares in SAP SE (NYSE:SAP)

Marshall Wace LLP purchased a new position in shares of SAP SE (NYSE:SAP) during the 2nd quarter, Holdings Channel reports. The fund purchased 106,487 shares of the software maker’s stock, valued at approximately $21,479,000.

Other large investors also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in shares of SAP in the first quarter valued at about $25,000. LRI Investments LLC acquired a new position in shares of SAP during the 1st quarter worth approximately $25,000. POM Investment Strategies LLC raised its stake in shares of SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of SAP in the 1st quarter valued at approximately $29,000.

SAP Price Performance

SAP stock opened at $228.06 on Friday. The company has a market capitalization of $280.17 billion, a price-to-earnings ratio of 49.47, a PEG ratio of 4.43 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP SE has a 12 month low of $126.75 and a 12 month high of $231.13. The stock’s 50 day moving average is $214.28 and its 200-day moving average is $199.40.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. During the same period in the prior year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts expect that SAP SE will post 4.77 EPS for the current year.

Analysts Set New Price Targets

SAP has been the topic of a number of recent analyst reports. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Barclays upped their target price on shares of SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. JMP Securities lifted their price target on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. BMO Capital Markets upped their price objective on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Finally, TD Cowen lifted their target price on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, SAP has an average rating of “Moderate Buy” and an average price target of $232.00.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.